Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTN
Raytheon Company
RTN
|
+$349M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$216M |
| 3 |
Travelers Companies
TRV
|
+$204M |
| 4 |
Citigroup
C
|
+$199M |
| 5 |
Parker-Hannifin
PH
|
+$176M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$547M |
| 2 |
LyondellBasell Industries
LYB
|
+$488M |
| 3 |
Hilton Worldwide
HLT
|
+$295M |
| 4 |
Apple
AAPL
|
+$280M |
| 5 |
Visa
V
|
+$267M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 19.93% |
| 2 | Technology | 14.43% |
| 3 | Healthcare | 13.4% |
| 4 | Consumer Discretionary | 9.53% |
| 5 | Industrials | 9.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ULTI
901
DELISTED
Ultimate Software Group Inc
ULTI
| $34.9M | 0.02% |
191,561
| – | – |
|
902
Vermilion Energy
VET
$1.93B
| $34.9M | 0.02% |
828,860
| – | – |
|
|
GPT
903
DELISTED
Gramercy Property Trust
GPT
| $34.9M | 0.02% |
1,266,751
+28,334
| +2% | +$756K |
|
|
TSE
904
DELISTED
Trinseo
TSE
| $34.8M | 0.02% |
587,385
-198,454
| -25% | -$11.1M |
|
905
Moog Inc Class A
MOG.A
$11.4B
| $34.8M | 0.02% |
529,776
+62,763
| +13% | +$4M |
|
906
Terex
TEX
$6.72B
| $34.8M | 0.02% |
1,103,107
-36,084
| -3% | -$1M |
|
907
Neurocrine Biosciences
NBIX
$15.2B
| $34.8M | 0.02% |
898,654
| – | – |
|
908
Douglas Emmett
DEI
$1.74B
| $34.8M | 0.02% |
951,140
| – | – |
|
909
MKS Inc
MKSI
$15.9B
| $34.8M | 0.02% |
585,282
| – | – |
|
910
Regency Centers
REG
$13.4B
| $34.8M | 0.02% |
504,003
-192,787
| -28% | -$13.4M |
|
|
HR
911
DELISTED
Healthcare Realty Trust Incorporated
HR
| $34.7M | 0.02% |
1,144,816
+135,917
| +13% | +$4.14M |
|
912
Norwegian Cruise Line
NCLH
$6.67B
| $34.7M | 0.02% |
815,618
-150,324
| -16% | -$6.02M |
|
913
Graco
GGG
$12.4B
| $34.6M | 0.02% |
1,249,800
+67,920
| +6% | +$1.78M |
|
914
Carpenter Technology
CRS
$20.4B
| $34.6M | 0.02% |
955,949
-122,747
| -11% | -$4.55M |
|
915
Cracker Barrel
CBRL
$966M
| $34.4M | 0.02% |
206,101
| – | – |
|
|
GWR
916
DELISTED
Genesee & Wyoming Inc.
GWR
| $34.2M | 0.01% |
492,716
+75,000
| +18% | +$5.35M |
|
917
National Fuel Gas
NFG
$7.64B
| $34.2M | 0.01% |
603,774
-87,070
| -13% | -$4.77M |
|
918
MGIC Investment
MTG
$6.05B
| $34.2M | 0.01% |
3,353,977
+317,700
| +10% | +$2.87M |
|
919
SITE Centers
SITC
$153M
| $34.1M | 0.01% |
1,731,911
| – | – |
|
920
Apple Hospitality REIT
APLE
$3.64B
| $34M | 0.01% |
1,701,126
+127,899
| +8% | +$2.38M |
|
921
Fulton Financial
FULT
$4.48B
| $34M | 0.01% |
1,807,727
| – | – |
|
922
Genesco
GCO
$361M
| $34M | 0.01% |
547,183
+33,300
| +6% | +$2.03M |
|
923
Wintrust Financial
WTFC
$10B
| $33.9M | 0.01% |
467,315
-42,434
| -8% | -$2.64M |
|
|
CLC
924
DELISTED
Clarcor
CLC
| $33.9M | 0.01% |
411,075
| – | – |
|
925
AptarGroup
ATR
$7.93B
| $33.8M | 0.01% |
460,053
| – | – |
|
Similar funds
Norges Bank's Q4 2016 Portfolio in Review
As of Q4 2016, Norges Bank held 2,214 positions worth $229B, up 8.1% from $212B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Norges Bank's Q4 2016 filing shows 65 new, 867 increased, 654 reduced and 61 closed positions. Its largest new stake was Raytheon Company: 2,453,901 shares worth $348M. The largest sale was Broadcom, an estimated $547M.
By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q4 2016 buy was Raytheon Company: 2,453,901 shares worth $348M.
- Norges Bank added most to Alphabet (Google) Class C in Q4 2016, an estimated $216M increase.
- Norges Bank's biggest Q4 2016 reduction was Broadcom, cutting an estimated $547M.
- Norges Bank fully exited LinkedIn Corporation in Q4 2016, selling an estimated $117M.
- Norges Bank's ten largest holdings make up 14% of its $229B portfolio in Q4 2016.
- Norges Bank opened 65 new positions and closed 61 in Q4 2016.
- Norges Bank's portfolio value rose 8.1% quarter-over-quarter to $229B.
Based on Norges Bank's 13F filing for Q4 2016, filed 9 Feb 2017.